Common use of Sales, Transfer and Documentary Taxes Clause in Contracts

Sales, Transfer and Documentary Taxes. Seller and Purchaser shall, equally split all federal, state and local sales, documentary and other transfer taxes, if any, due as a result of the purchase, sale and transfer of the Assets in accordance herewith, whether imposed by law on Seller or Purchaser, and each of Seller and Purchaser shall indemnify, reimburse and hold harmless the other party in respect of the liability for payment of or failure to pay any such taxes. Seller and Purchaser shall cooperate in making in a timely manner all filings, returns, reports and forms as may be required to comply with the foregoing.

Appears in 2 contracts

Samples: Asset Purchase Agreement (P&f Industries Inc), Asset Purchase Agreement (Mestek Inc)

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Sales, Transfer and Documentary Taxes. Seller Sellers, on the one hand, and Purchaser shallPurchaser, on the other hand, shall share equally split all federal, state and local sales, documentary and other transfer taxes, if any, due as a result of the purchase, sale and transfer of the Assets in accordance herewith, whether imposed by law on any Seller or Purchaser, and each of Seller and Purchaser party shall indemnify, reimburse and hold harmless the other party in respect of the liability Liability for payment of or failure to pay any such taxes. Seller Sellers and Purchaser shall cooperate in making in a timely manner all filings, returns, reports and forms as may be required to comply with the foregoing.

Appears in 1 contract

Samples: Asset Purchase Agreement (P&f Industries Inc)

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Sales, Transfer and Documentary Taxes. Seller and Purchaser shall, shall share equally split all federal, state and local sales, documentary and other transfer taxesTaxes, if any, due as a result of the purchase, sale and transfer of the Assets in accordance herewith, whether imposed by law Law on Seller or Purchaser, and each of Seller and Purchaser party shall indemnify, reimburse and hold harmless the other party in respect of the liability for payment of or failure to pay any such taxesTaxes. Seller and Purchaser shall cooperate in making in a timely manner all filings, returns, reports and forms as may be required to comply with the foregoing.

Appears in 1 contract

Samples: Asset Purchase Agreement (P&f Industries Inc)

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